Questions & Answers

Am I "comfortable or semi-affluent"?

There are three distinct levels of Estate Planning:

"Ordinary" Wills for people with modest means — generally for persons or families with total assets (including real estate, investments, insurance and RRSPs/RRIFs/TFSAs) worth less than $500,000 (Gross Estate Value).

"Family Will" Planning is recommended for people who are comfortable and semi-affluent — generally persons or families who have accumulated assets (including real estate, investments, insurance and RRSPs/RRIFs/TFSAs) worth $500,000 to $5,000,000 (Gross Estate Value).

Estate Freeze for persons or families worth more than $5,000,000 who may require Family Trusts, Operating Companies, Holding Companies, etc.